‘Choose to be optimistic, it feels better?’ Evidence of optimism on employment utility

Hinks, Tim; Dawson, Chris; Hinks, Timothy; Veliziotis, Michail

Abstract

© 2016 Board of Trustees of the Bulletin of Economic Research and John Wiley & Sons Ltd Individual's expected wages exceed predicted market wages. Rational expectations imply the divergence should be zero. If individuals over-estimate the return from their attributes and view the paid-employment return distribution too favourably, then conditional on market wages, subsequent employment utility is likely to be low through disappointment.

• Journal Article Type: Article
• Acceptance Date: Oct 13, 2016
• Online Publication Date: Nov 13, 2016
• Publication Date: Oct 1, 2017
• Deposit Date: May 2, 2017
• Journal: Bulletin of Economic Research
• Print ISSN: 0307-3378
• Electronic ISSN: 1467-8586
• Publisher: Wiley
• Peer Reviewed: Peer Reviewed
• Volume: 69
• Issue: 4
• Pages: 428-436
• DOI: https://doi.org/10.1111/boer.12107
• Keywords: expectations, employment utility, optimism
• Public URL: https://uwe-repository.worktribe.com/output/879343
• Publisher URL: http://dx.doi.org/10.1111/boer.12107
• Additional Information: Additional Information : This is the peer reviewed version of the following article: Dawson, C., Hinks, T. and Veliziotis, M. (2017) "Choose to be optimistic, it feels better?": Evidence of optimism on employment utility. Bulletin of Economic Research, 69 (4). pp. 428-436. ISSN 0307-3378, which has been published in final form at http://dx.doi.org/10.1111/boer.12107. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
• Contract Date: May 2, 2017